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and energy a little later on. >>> first, as you probably know, a grim outlook for hp sent shares down 13% yesterday. ceo meg whitman expects revenues and profits for the tech giant to decline in the near term saying unprecedented executive turnovers led to inconsistent strategic choices. our david faber is with meg whitman. david, good morning to you. >> reporter: thanks very much, carl. of course, well, you can certainly give them credit perhaps for transparency, hewle hewle hewlett-packard yesterday laying out a plan tofor remaking the company for next year they're calling a fix and rebuild year. as you said, the stock took a hit on that news. we are joined by the ceo of hewlett-packard, meg whitman joins us from headquarters in palo alto. as always, very much appreciate your willingness to come on in what are seemingly very difficult times. you and i sat down a little more than a year ago when you first joined the company. and i guess my first question would simply be what took you so long? a year is quite a while in the history of a company, certainly one that seems to be in some dis
're in the expansion camp, you want financials, energy, materials. in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along
of texas in the energy business, that investors are very focused on, it's a three-member utility commission that is going to make that decision. they are appointed by the governor. big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies. >> reporter: so, of course, he thinks romney is going to do good tonight. is he partisan, no doubt about that. we'll see how it plays out. >> david, i understand that you're still going to talk to kyle bass in a few minutes. what is top of questions in your mind? >> kyle is a big macro thinker. he also runs a hedge fund that makes stock picks like everybody else. we're also going to talk about, first off, the growing debt world w
Search Results 0 to 2 of about 3